MB Financial Inc. (MBFI) Given Consensus Recommendation of “Hold” by Brokerages
MB Financial Inc. (NASDAQ:MBFI) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $48.60.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of MB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Jefferies Group LLC reissued a “hold” rating and issued a $48.00 price target on shares of MB Financial in a research report on Sunday, June 11th. ValuEngine lowered shares of MB Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Keefe, Bruyette & Woods set a $46.00 price target on shares of MB Financial and gave the company a “hold” rating in a research report on Monday, April 3rd. Finally, Zacks Investment Research raised shares of MB Financial from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Tuesday, April 11th.
Shares of MB Financial (MBFI) traded down 0.02% during trading on Friday, hitting $42.90. 22,801 shares of the company traded hands. The firm has a 50 day moving average price of $43.03 and a 200-day moving average price of $44.14. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 19.05 and a beta of 1.16. MB Financial has a one year low of $32.72 and a one year high of $48.47.
MB Financial (NASDAQ:MBFI) last issued its quarterly earnings data on Thursday, April 27th. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $234.82 million for the quarter, compared to analyst estimates of $240.47 million. MB Financial had a net margin of 19.64% and a return on equity of 8.37%. During the same quarter last year, the firm earned $0.54 earnings per share. Analysts predict that MB Financial will post $2.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.96%. This is an increase from MB Financial’s previous quarterly dividend of $0.19. MB Financial’s payout ratio is currently 37.33%.
In other MB Financial news, VP Jill E. York sold 5,000 shares of MB Financial stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $42.30, for a total transaction of $211,500.00. Following the sale, the vice president now owns 71,525 shares in the company, valued at $3,025,507.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mitchell Feiger sold 11,825 shares of MB Financial stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $43.60, for a total transaction of $515,570.00. Following the sale, the insider now owns 140,724 shares in the company, valued at approximately $6,135,566.40. The disclosure for this sale can be found here. Insiders have sold 21,702 shares of company stock worth $943,609 in the last quarter. Corporate insiders own 7.05% of the company’s stock.
A number of large investors have recently bought and sold shares of MBFI. Tyers Asset Management LLC acquired a new stake in MB Financial during the fourth quarter worth $124,000. Credit Agricole S A acquired a new stake in MB Financial during the fourth quarter worth $154,000. Elkfork Partners LLC acquired a new stake in MB Financial during the fourth quarter worth $170,000. Capstone Asset Management Co. increased its stake in MB Financial by 5.8% in the first quarter. Capstone Asset Management Co. now owns 4,938 shares of the bank’s stock worth $211,000 after buying an additional 270 shares in the last quarter. Finally, Suntrust Banks Inc. acquired a new stake in MB Financial during the first quarter worth $212,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.
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MB Financial Company Profile
MB Financial, Inc (MB Financial) is a financial holding company. The Company’s segments include banking, leasing and mortgage banking. As of December 31, 2016, the Company’s primary market was the Chicago metropolitan area, in which the Company operated 95 banking offices through its bank subsidiary, MB Financial Bank, N.A.
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